Can I retire at age 63 with 1,430,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$118,088$117,036$116,010$115,008$114,030$112,699
2 years$58,459$57,371$56,316$55,292$54,300$52,960
3 years$38,586$37,492$36,440$35,426$34,450$33,143
4 years$28,651$27,561$26,519$25,523$24,570$23,306
5 years$22,692$21,608$20,580$19,604$18,678$17,460
6 years$18,720$17,645$16,631$15,677$14,779$13,610
7 years$15,884$14,818$13,821$12,889$12,019$10,899
8 years$13,758$12,702$11,721$10,812$9,971$8,899
9 years$12,106$11,059$10,095$9,210$8,397$7,373
10 years$10,785$9,748$8,801$7,939$7,155$6,178
11 years$9,704$8,678$7,749$6,909$6,153$5,223
12 years$8,805$7,789$6,877$6,060$5,332$4,448
13 years$8,044$7,039$6,144$5,350$4,650$3,810
14 years$7,393$6,398$5,520$4,749$4,076$3,279
15 years$6,828$5,845$4,984$4,236$3,589$2,834
16 years$6,335$5,363$4,519$3,793$3,172$2,458
17 years$5,901$4,939$4,112$3,408$2,812$2,137
18 years$5,515$4,564$3,754$3,071$2,501$1,863
19 years$5,170$4,230$3,436$2,775$2,229$1,628
20 years$4,860$3,930$3,154$2,513$1,991$1,425
21 years$4,580$3,661$2,901$2,281$1,782$1,249
22 years$4,326$3,417$2,674$2,074$1,597$1,097
23 years$4,094$3,196$2,469$1,889$1,434$964
24 years$3,882$2,995$2,283$1,723$1,289$848
25 years$3,687$2,810$2,114$1,573$1,159$747
26 years$3,507$2,641$1,961$1,438$1,044$658
27 years$3,341$2,486$1,821$1,317$942$581
28 years$3,187$2,342$1,693$1,206$850$512
29 years$3,044$2,210$1,575$1,106$767$452
30 years$2,911$2,087$1,467$1,015$693$400
31 years$2,786$1,973$1,368$932$627$353
32 years$2,670$1,867$1,276$857$567$312
33 years$2,561$1,768$1,192$788$513$276
34 years$2,458$1,675$1,114$725$465$244
35 years$2,362$1,589$1,041$667$421$216
36 years$2,271$1,508$974$615$381$191
37 years$2,185$1,432$912$566$346$169
38 years$2,104$1,361$854$522$313$150
39 years$2,028$1,295$800$481$284$133
40 years$1,955$1,232$750$444$258$118
41 years$1,886$1,172$703$410$234$104
42 years$1,821$1,117$659$378$212$92
43 years$1,758$1,064$619$349$192$82
44 years$1,699$1,014$581$322$175$72
45 years$1,643$967$545$298$159$64
46 years$1,589$922$512$275$144$57
47 years$1,537$880$481$254$131$50
48 years$1,488$840$452$235$119$45
49 years$1,441$803$425$217$108$40
50 years$1,396$767$400$200$98$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,430,000, adding $5,447 every year, while hoping to spend $46,664 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 63/22/15 Blend
62$1,430,000$1,430,000$1,430,000$1,430,000
63$1,581,479$1,505,689$1,483,524$1,674,974
64$1,693,139$1,529,817$1,483,571$1,762,496
65$1,814,625$1,553,564$1,482,057$1,852,210
66$1,946,890$1,576,861$1,478,879$1,949,049
67$2,090,981$1,599,636$1,473,930$2,053,707
68$2,248,053$1,621,810$1,467,098$2,166,952
69$2,419,376$1,643,301$1,458,268$2,289,627
70$2,606,348$1,664,018$1,447,315$2,422,663
71$2,810,507$1,683,866$1,434,111$2,567,087
72$3,033,547$1,702,744$1,418,522$2,724,030
73$3,277,332$1,720,542$1,400,406$2,894,740
74$3,543,916$1,737,145$1,379,616$3,080,593
75$3,835,559$1,752,428$1,355,997$3,283,106
76$4,154,750$1,766,261$1,329,387$3,503,950
77$4,504,229$1,778,502$1,299,616$3,744,971
78$4,887,015$1,789,003$1,266,507$4,008,202
79$5,306,430$1,797,604$1,229,874$4,295,884
80$5,766,135$1,804,135$1,189,524$4,610,490
81$6,270,161$1,808,418$1,145,254$4,954,747
82$6,822,948$1,810,262$1,096,850$5,331,658
83$7,429,386$1,809,462$1,044,092$5,744,539
84$8,094,861$1,805,803$986,747$6,197,044
85$8,825,307$1,799,058$924,573$6,693,201
86$9,627,258$1,788,982$857,317$7,237,452
87$10,507,915$1,775,318$784,713$7,834,695
88$11,475,206$1,757,792$706,485$8,490,331
89$12,537,869$1,736,116$622,344$9,210,312
90$13,705,528$1,709,982$531,988$10,001,204
91$14,988,785$1,679,064$435,103$10,870,244
92$16,399,321$1,643,018$331,359$11,825,410
93$17,950,004$1,601,478$220,412$12,875,500
94$19,655,013$1,554,059$101,904$14,030,212
95$21,529,966$1,500,351$0$15,300,238
96$23,592,075$1,439,920$0$16,701,298
97$25,860,300$1,372,309$0$18,260,116
98$28,355,531$1,297,032$0$19,974,757
99$31,100,786$1,213,578$0$21,861,081
100$34,121,426$1,121,404$0$23,936,572